PCE Price index (YoY) (Jan) +2.4% vs +2.4% Est.
Portfolio Pulse from Benzinga Newsdesk
The PCE Price Index for January showed a year-over-year increase of 2.4%, aligning with the expectations.

February 29, 2024 | 1:32 pm
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POSITIVE IMPACT
The PCE Price Index aligning with expectations suggests a stable inflation outlook, potentially impacting SPY positively.
The PCE Price Index is a key indicator of inflation, closely watched by investors and the Federal Reserve. A result in line with expectations suggests that inflation is under control, which can lead to a positive market sentiment and potentially benefit broad market ETFs like SPY. However, the direct impact on SPY depends on broader market trends and investor sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75